Canada Pension Plan Investment Board Sells 121,300 Shares of Warby Parker Inc. (NYSE:WRBY)

Canada Pension Plan Investment Board lessened its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 49.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,700 shares of the company's stock after selling 121,300 shares during the quarter. Canada Pension Plan Investment Board owned 0.12% of Warby Parker worth $3,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WRBY. Global Retirement Partners LLC bought a new stake in Warby Parker during the 4th quarter valued at $25,000. NewEdge Advisors LLC lifted its position in shares of Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after purchasing an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after purchasing an additional 1,028 shares during the last quarter. KBC Group NV grew its position in Warby Parker by 39.3% in the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock worth $115,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Warby Parker in the 4th quarter valued at about $201,000. Institutional investors own 93.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WRBY shares. Telsey Advisory Group reissued an "outperform" rating and set a $28.00 target price on shares of Warby Parker in a research report on Thursday, February 27th. Stifel Nicolaus dropped their target price on shares of Warby Parker from $25.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. JMP Securities dropped their target price on shares of Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Citigroup reissued an "outperform" rating on shares of Warby Parker in a research report on Friday, February 28th. Finally, Morgan Stanley lifted their target price on shares of Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.93.

Warby Parker Stock Performance

WRBY stock traded down $0.05 during midday trading on Monday, reaching $15.47. 1,713,907 shares of the company's stock traded hands, compared to its average volume of 1,758,986. The company has a 50-day moving average price of $18.66 and a two-hundred day moving average price of $21.58. Warby Parker Inc. has a 52 week low of $11.66 and a 52 week high of $28.68. The firm has a market capitalization of $1.60 billion, a PE ratio of -57.30 and a beta of 2.00.

Insider Transactions at Warby Parker

In other news, CFO Steven Clive Miller sold 11,684 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $657,783.84. Following the completion of the transaction, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. This represents a 53.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,651 shares of company stock valued at $2,313,092. 26.55% of the stock is currently owned by company insiders.

Warby Parker Profile

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.